Amerigo Resources Ltd is a metal mining company that primarily focuses on the production of copper.
The Vancouver-based resource company is involved in the mining, extraction, production, exploration, and development of copper concentrates through conventional grinding and flotation methods.
Amerigo Resources’ MVC property has been reportedly producing copper concentrates since 1992 in Chile.
In 2003, the mining firm acquired 100 percent stake in MVC, which is located nearly 90 kilometers south of Santiago in Rancagua, Central Chile.
The company claims to have contracts for operations at the fresh and historic tailings at the underground mine till 2037. In addition, it says that inferred mineral resources at the project site accounts for approximately 1,223,704 thousand tons at 0.152 percent of copper (Cu) and 0.011 percent of molybdenum (Mo).
Amerigo further claims there is an estimated 1.4 billion of copper recovery and 37 billion pounds of molybdenum recovery. The MVC property’s deposit type consists of fresh and historic tailings with molybdenum as a byproduct. The fresh tailing include El Teniente and Cauquenes and Colihues account for historic tailings. The operations at historic tailings are conducted through hydraulic extraction, the copper mining firm claims.
The mining company claims to have invested US$300 million in the business model since its acquisition in 2003 with low sustaining capital requirements of US$6 million per annum.
For the year 2021, the company aims to maintain a yearly target of producing approximately 62 million pounds of copper.
Geographically, Amerigo Resources has business operations in Chile and Canada, and claims to generate significant revenue from Chilean operations.
The pure play copper producer reportedly conducts its mining, extraction and tailing operations in adherence with ESG norms to reduce its carbon footprints.
The copper mining firm claims to be among the ‘Women Lead Here’ rankings released by Globe and Mail in March 2021, an editorial benchmark representing the Canadian corporate firms reflecting gender diversity among the executive profiles.
Amerigo Resources operates through its head office in Vancouver, British Columbia. The firm’s common stocks trade on TSX under ‘ARG’ ticker, and on OTCXC with ‘ARREF’ trading symbol.